Mirae Asset Achieves 200 Billion Won in Net Assets with TIGER Semiconductor TOP10 Covered Call Active ETF

Mirae Asset Global Investments' "TIGER Semiconductor TOP10 Covered Call Active" exchange-traded fund (ETF) has drawn significant attention from the market, surpassing 200 billion won in net assets just one week after its listing.

According to Mirae Asset Global Investments on April 29, the ETF, which was listed on April 21, saw strong buying interest from individual investors from the outset. On the listing day alone, net purchases by individual investors reached approximately 83.2 billion won, marking the largest net buying volume by individuals on the listing day among domestic covered call ETFs. Since then, rapid fund inflows have continued, with net assets reaching about 220.2 billion won just one week after listing.

The main reason this product attracted such a large amount of capital in a short period is that it simultaneously pursues the growth potential of the semiconductor sector and a monthly dividend strategy. This ETF is the first in Korea to use single stock options for a covered call ETF, directly utilizing call options of leading domestic semiconductor companies such as Samsung Electronics and SK hynix. As a result, it can secure higher premiums with the same maturity compared to KOSPI200 index options and selectively respond to stock-specific events, offering a distinct advantage.

Additionally, the fund adopts an active management strategy, flexibly adjusting the proportion of option selling depending on market conditions. When the semiconductor industry outlook improves, it reduces option selling to capture profits from share price increases, while in times of greater volatility, it increases option selling to maximize premium income.

What is particularly attractive to investors are the tax benefits and cash flow. In Korea, profits from stock option premiums are classified as tax-free, so a significant portion of the distributions is not included in the comprehensive financial income tax, which is capped at 20 million won per year.

The distribution will be paid on the 15th of each month, with the first payment scheduled for mid-May. Investors can also construct a portfolio that secures cash flow twice a month by combining this product with the "TIGER Dividend Covered Call Active ETF," which distributes at the end of every month.

Jung Heehyun, Head of ETF Management Division at Mirae Asset Global Investments, stated, "With the semiconductor sector leading the rise in the domestic stock market and this product utilizing single stock options with higher volatility than the index, it is emerging as an effective investment alternative." He added, "With the first dividend payment scheduled for mid-May, investors will be able to enjoy both the growth potential of semiconductors and tax-exempt cash flow."

This content was produced with the assistance of AI translation services.